This flexible investment solution has all the benefits of ordinary endowments plus a number of very attractive additional features.
This is an endowment policy underwritten by Sanlam Developing Markets Ltd and administered by Sanlam Life Insurance Ltd.
For additional information, watch the following video to find out what gives this investment solution the edge.
The minimum contribution for the Sanlam Wealth Edge Endowment Plan is R100 000
You have to invest for a minimum initial term of five years.
You have the freedom to change your underlying investments. There is no charge to make a change, but depending on where you move your money to, initial investment charges may apply.
You can choose from a range of solution funds managed by a dedicated team of investment specialists, according to your chosen risk profile. If you prefer to do so, you can also construct your own portfolio in collaboration with your financial planner, from a range of carefully selected investment funds to suit your risk profile.
If you invest in the Wealth Edge Endowment, you’ll be rewarded with Wealth Bonus for staying invested. No extra cost.
The Wealth Bonus is a refund of certain charges and takes the form of units being added to the fund value.
Sanlam adds this Wealth Bonus on every fifth plan anniversary. If the termination date falls between any of the plan anniversaries, the next indicated plan anniversary is used to determine the bonus which will be added to the termination value
The initial policy term is five years, known as the restriction period. During this period, contributions, loans and surrenders are restricted in terms of the Long-Term Insurance Act. After the first five years you can make any number of withdrawals, subject to a minimum amount that must remain in the plan until it is terminated.
You may use your rights to the policy as security for a loan. You may also transfer these rights to someone else by means of an outright cession.
Fees vary per product and your underlying investment. Please speak to your financial planner to make sure you understand which fees you pay and why.
It is important to bear in mind that any investment has some risk. We therefore recommend that you consult a financial planner who can help you find the most appropriate products for your needs and circumstances.